EVR - Perella Weinberg Partners Finally Goes Public Through Betsy Cohen's SPAC Fintech IV
- Perella Weinberg Partners agrees to be acquired by Betsy Cohen's SPAC, Fintech IV. Two years ago, PWP was working on going public through an IPO.
- Perella Weinberg, a boutique investment bank, will become a publicly traded company, and expects to list its deal advisory business on NASDAQ under the PWP symbol.
- PWP was founded in 2006 by the legendary mergers and acquisitions banker Joe Perella and Peter Weinberg, a longtime Goldman Sachs executive.
- The PWP’s partners will continue to own the majority of the investment bank.
- Company achieved a CAGR of 14,8% from 2016-2019. Targeting 2% dividend yield upon closing and expected debt free out of the blocks.
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Perella Weinberg Partners Finally Goes Public Through Betsy Cohen's SPAC Fintech IV